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Sutton Inc. had $750,000 and $1.5mi in cash on the balance sheet at the end of 2XXO and 2XX1, respectively. Its cash flow from operating
Sutton Inc. had $750,000 and $1.5mi in cash on the balance sheet at the end of 2XXO and 2XX1, respectively. Its cash flow from operating activities totaled $1.4mi. The firm sold off $2mi fixed assets, issued $500,000 in common stocks, and paid $60,000 dividends. How much L-T debts did the firm issue or repay? OA) repay 90,000 B) issue 390,000 issue 3.09 mi D) issue 90,000 E) repay 3.09 mi
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